Monthly Rent Report
South Shore Rent Report — August 2023
Asking rents in ZIP 60649, Chicago, from 88 listings.
Median 1BR rent in South Shore was $830 in August 2023, down 19.0% (−$195) from July 2023 and down 16.6% year-over-year. The middle half of 1BR listings asked between $830 and $830. That puts South Shore $690 below the Chicago citywide 1BR median of $1,520. The month's figures are based on 88 listings across 10 bedroom categories.
Median Rent by Bedroom Count
| Bedrooms | Median | Vs. July 2023 | Vs. August 2022 | P25–P75 Range | Listings |
|---|---|---|---|---|---|
| Studio | $1,700 | +$815 (+92.1%) | +$1,000 (+142.9%) | $1,200 – $2,200 | 6 |
| Studio | $2,200 | +$1,315 (+148.6%) | +$1,500 (+214.3%) | $1,200 – $2,200 | 14 |
| 1BR | $830 | −$195 (-19.0%) | −$165 (-16.6%) | $830 – $830 | 1 |
| 1BR | $1,450 | +$425 (+41.5%) | +$455 (+45.7%) | $1,400 – $1,450 | 24 |
| 2BR | $1,335 | +$135 (+11.3%) | −$20 (-1.5%) | $1,080 – $1,497 | 24 |
| 2BR | $1,195 | −$5 (-0.4%) | −$160 (-11.8%) | $1,148 – $1,243 | 2 |
| 3BR | $1,800 | +$300 (+20.0%) | +$139 (+8.4%) | $1,500 – $1,800 | 11 |
| 3BR | $1,900 | +$400 (+26.7%) | +$239 (+14.4%) | $1,900 – $1,900 | 1 |
| 4BR | $2,624 | +$1,024 (+64.0%) | +$650 (+32.9%) | $2,624 – $2,624 | 1 |
| 4BR | $2,000 | +$400 (+25.0%) | +$26 (+1.3%) | $2,000 – $2,000 | 4 |
Median, P25, and P75 are asking rents from listings posted in August 2023. Changes compare against the nearest prior month with data.
South Shore vs. Chicago — August 2023
| Bedrooms | South Shore Median | Chicago Citywide Median | Difference |
|---|---|---|---|
| Studio | $1,700 | $1,250 | +$450 (+36.0%) |
| Studio | $2,200 | $1,250 | +$950 (+76.0%) |
| 1BR | $830 | $1,520 | −$690 (-45.4%) |
| 1BR | $1,450 | $1,520 | −$70 (-4.6%) |
| 2BR | $1,335 | $1,808 | −$472 (-26.1%) |
| 2BR | $1,195 | $1,808 | −$612 (-33.9%) |
| 3BR | $1,800 | $2,395 | −$595 (-24.8%) |
| 3BR | $1,900 | $2,395 | −$495 (-20.7%) |
| 4BR | $2,624 | $2,692 | −$68 (-2.5%) |
| 4BR | $2,000 | $2,692 | −$692 (-25.7%) |
Citywide figure is the median of zip-level medians across 55 Chicago zip codes with listings in August 2023.